If there is a like- kind exchange of property between related parties, how long do they have to wait to dispose of the property received in order to avoid having to recognize any gain on the exchange?

Question

Quizplus · Accepted Answer

In a like-kind exchange between related parties, the parties must hold the exchanged property for at least 2 years to avoid recognizing any gain on the exchange. This rule is to prevent tax avoidance through quick resale.

If There Is a Like- Kind Exchange of Property Between